Heritage Wealth Advisors Cuts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Heritage Wealth Advisors reduced its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,907 shares of the software giant’s stock after selling 8,317 shares during the period. Microsoft accounts for 3.1% of Heritage Wealth Advisors’ holdings, making the stock its 4th biggest holding. Heritage Wealth Advisors’ holdings in Microsoft were worth $62,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Financial Security Advisor Inc. increased its stake in Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after purchasing an additional 452 shares in the last quarter. Gunderson Capital Management Inc. grew its holdings in shares of Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after buying an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC increased its position in shares of Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after acquiring an additional 1,067 shares in the last quarter. RNC Capital Management LLC raised its holdings in shares of Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after acquiring an additional 6,484 shares during the last quarter. Finally, Clarity Financial LLC lifted its position in Microsoft by 4.9% in the 4th quarter. Clarity Financial LLC now owns 56,905 shares of the software giant’s stock valued at $21,399,000 after acquiring an additional 2,681 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,521 shares of company stock valued at $19,746,476. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Morgan Stanley increased their price objective on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler reissued an “overweight” rating and issued a $465.00 price target (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Friday, May 24th. Macquarie raised their price target on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.56.

Check Out Our Latest Analysis on MSFT

Microsoft Price Performance

Microsoft stock opened at $423.85 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a one year low of $309.45 and a one year high of $433.60. The firm has a market capitalization of $3.15 trillion, a P/E ratio of 36.70, a PEG ratio of 2.24 and a beta of 0.89. The business has a fifty day moving average price of $416.20 and a 200-day moving average price of $402.39.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter last year, the company earned $2.45 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

About Microsoft

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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